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Creosote Oil Market - Size, Share, Outlook, and Opportunity Analysis, 2018-2026
The research report on Creosote Oil Market is segmented by source type, application, and geography - Size, Share, Trends, Outlook, and Opportunity Analysis, 2018-2025

Creosote Oil Market, 9/13/2019 - Creosote oil is produced from distillation of tar and pyrolysis of plant sourced products such as wood or fossil fuel. It is extensively used for oil paint, wood aseptic, carbon black, printing ink, latex filling, and pharmaceuticals. It can be classified depending upon the source from which it is derived such as wood, coal and/or creosote bush. Creosote oil is widely used as a remedy against diabetes, hemorrhoids, tooth decay, gallstones, kidney stones, acne and pimples, wounds, and body pain. Other applications of creosote oil include food preservation and fuel for lighting lamps. Creosote oil derived from creosote bush has different compounds and nutrients with medicinal value due to its high antioxidant properties. Creosote oil derived from creosote bush is herbal oil and is associated with antiseptic, analgesic and diuretic properties.

Market Dynamics

Increasing demand for creosote oil in the industrial sector is expanding its spectrum of application throughout industries such as paint, printing, and furniture. According to a study by the North Carolina State University in 2014, the home furniture market in the U.S. was expected to reach over US$ 85 billion by 2017. Environmental consciousness among the educated populace is increasing the demand for sustainable product, due to which wood furniture is gaining maximum preference over metal and plastic products.

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Wood preservation is a major application of creosote oil, as creosote oil treated wood is widely used in railroad sleepers, poles of electric or telephone lines. Coal tar is more efficient than wood tar for wood preservation.

Key players operating in the global creosote oil market include Cooper Creek, ArcelorMittal S.A., Mitsubishi Chemical, RUTGERS Group, Sandvik Materials Technology, Epsilon Carbon, Himadri Chemicals & Industries, JFE Chemical Corporation, Stella- Jones, KMG Chemicals, Sceneys, Jalan Chemicals & Carbons, Huanghua Xinnuo Lixing, Konark Tar Products, AVH Pvt. Ltd, and Ganga Rasayanie

Leading market players are seeking source suppliers to manufacture creosote oil, to satisfy rising demand from consumers. For example, ArcelorMittal announced in January 2017 that, Koopers and ArcelorMittal entered into a long-term contact for coal tar supply through 2026. Koppers will purchase coal tar, which is a byproduct of ArcelorMittal coke plants located in the U.S. This contracted volume is expected to meet the growing demand for domestic raw material to manufacture creosote.

Consumption of coal tar derived creosote oil has been witnessing rapid growth because of wood and wooden furniture applications to meet the need from construction industry.

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